Technical Analysis

Toncoin Is Unfolding A Five-Wave Bullish CycleJun 12, 2024

TonCoin Is Unfolding A Five-Wave Bullish Cycle from technical point of view and from Elliott wave perspective.

Toncoin with ticker TONUSD remains nicely bullish as expected. After a completed wave 3, it made a nice three-wave pullback in wave 4, from where we may now see a bullish resumption within wave 5 of a higher degree wave (3) with space towards 10 – 15 area.

Toncoin Is Unfolding A Five-Wave Bullish Cycle TONUSD Daily Chart
TONUSD Daily Chart

Basic Impulsive Bullish Pattern shows that Toncoin can be trading in subwave 5 of (3) that can send the price even higher before we will see next higher degree wave (4) correction within bullish trend.

Basic Bullish Impulsive Pattern

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